"It is my belief that all of Kenya’s leaders and CEOs should declare
their assets in order to embed transparency within their
organisations," Collymore, a British citizen, told Reuters on Wednesday.
Kenya's
President Uhuru Kenyatta salutes guests as he prepares to receive Pope
Francis at the State House in Kenya's capital Nairobi, November 25,
2015. REUTERS/Thomas Mukoya (Reuters)
The head of Kenya's
largest publicly-traded company has declared personal wealth of $2.7
million, saying he wants to increase transparency in the public and
private sectors as part of efforts to fight graft in the East African nation.
Public pressure has mounted on President Uhuru Kenyatta
to deal with corruption after a spate of media reports about inflated
government contracts and outright theft of funds by officials in other
cases.
Bob Collymore, the chief
executive of telecoms operator Safaricom, posted a signed document
showing he has net assets worth 276.76 million shillings ($2.72 million)
in cash, property and stocks, acquired over a career spanning more than
three decades.
"It is my belief that all of
Kenya’s leaders and CEOs should declare their assets in order to embed
transparency within their organisations," Collymore, a British citizen, told Reuters on Wednesday.
Collymore,
in charge of Safaricom since 2010, was part of a recent initiative by
the private sector that drew up a proposed anti-bribery bill,
prescribing severe penalties for bribe givers and receivers within the
business community.
"The Bill will make it an
offence for corporations to act in an unethical manner and seeks to
strongly embed responsibility within the corporate ecosystem," he said.
Safaricom, which is 40 percent owned by Britain's Vodafone, is the largest firm on the Nairobi bourse by market capitalisation.
(1 Kenyan shilling = $0.0098)
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